Harvest Progress – October 15
According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 53 percent, increasing 12 percent from the previous week. That is well behind 94 percent last year and 90 percent average. In Minnesota, harvest increased from 48 to 62 percent complete. That is also behind 100 percent last year and […]
Record Prevent Plant Acreage
The Farm Service Agency is estimating 2019 prevent plant acreage at a record 19.6 million acres. That compares to the previous record of just under 11 million acres in 2011. South Dakota leads the nation with nearly 4 million acres of PP. Illinois and Ohio each had about 1.5 million acres reported as prevented plant. […]
USDA Drops Dry Bean Production Forecast in October Report
USDA released its October Crop Production Report on Thursday. U.S. production of dry edible beans is forecast at 23.8 million cwt, down three percent from the August forecast and down 37 percent from 2018. Area planted is estimated at 1.31 million acres, down two percent from the August forecast and down 37 percent from 2018. […]
Weekly Dry Bean Market News
Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans are $21 to $23 per hundredweight. Black beans remained steady at $22 to $24 per hundredweight, while navy beans are at $24 per hundredweight. Kidney bean prices for Minnesota are at […]
Harvest Progress – October 7
According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 41 percent, increasing only two percent from the previous week. That is well behind 93 percent last year and 82 percent average. In Minnesota, harvest increased from 39 to 48 percent complete. That is also behind 97 percent last year […]
Weekly Dry Bean Market News
Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans increased to $22 to $23 per hundredweight. Black beans also jumped to $22 to $24 per hundredweight, while navy beans remain steady at $22 to 24 per hundredweight. Kidney bean prices […]
Harvest Progress – September 30
According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 39 percent, compared to 28 percent last week. That is well behind 90 percent last year and 72 percent average. In Minnesota, harvest increased from 20 to 39 percent complete, which is also behind 92 percent last year and 82 […]
Prevent Plant ‘Top Up’ Payments to be Paid in October
Farmers who filed a prevent plant claim will automatically receive a ‘top-up’ payment. A ten percent payment will be made to farmers with Yield Protection and Revenue Protection with the Harvest Price Option. Those with Revenue Protection will receive 15 percent. “This has been such a tremendously tough year for producers and frankly, insurance guarantees […]
Weekly Dry Bean Market News
Dry bean trading activity remains limited with moderate demand. According to USDA’s Weekly Market News, North Dakota and Minnesota grower prices for pinto beans range from $20 to 22 per hundredweight. Navy beans are at $23 per hundredweight, while black beans are at $21 to 24 per hundredweight. Latest Dry Bean Market News
Harvest Progress – September 23
According to USDA’s Weekly Crop Progress report, dry bean harvest in North Dakota is at 28 percent, compared to 13 percent last week. That is well behind 84 percent last year and 59 percent average. In Minnesota, harvest jumped from 12 to 20 percent complete, which is also behind 78 percent last year and 64 […]